“Consumers have become more concerned with their safety and security which results in the rise in demand for high security doors. Factors such as improving global economy, rapid urbanization, high disposable income, and growing middle class families in emerging countries such as China and India have increased the need for buildings. This in turn will stimulate the demand for door systems market.
The key players in the market have a strong distribution network across the world and the financial strength to sustain them. The same cannot be said about new entrants in the market. For the door systems market, it is essential to have a strong distribution network to enable timely delivery of the product to customers as well as implement all the rules and regulations set by several regulatory bodies. New entrants find it difficult to compete against established players in this regard.
The players in the global door systems market are well-established. It is very difficult for new players to enter the market and compete with established players since end users prefer products from established players rather than new players.
Increasing disposable incomes of people in developing countries, improvement in construction industry, and rising consumer expectation of high security doors drive the growth of the door systems market. Stringent rules and regulations in the door systems and growing environmental concerns are the biggest challenges faced by players in the market.
The global door systems market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. The key players in the market Masco Corporation (U.S.), Assa Abloy (Sweden), Fortune Brands Home & Security, Inc. (U.S.), Allegion PLC (Ireland), Masonite International Corporation (U.S.), Ply Gem Holding Inc. (U.S.), DuluxGroup Limited (Australia), PGT, Inc. (U.S.), Andersen Corporation (U.S.) and Jeld Wen, Inc. (U.S.).
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